Is national income per capita a good measure of how well off a country is? To what extent do you believe that a country with a higher national income per capita is better off than a country with a...

Is national income per capita a good measure of how well off a country is?

To what extent do you believe that a country with a higher national income per capita is better off than a country with a lower national income per capita.

 

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This is, of course, a matter of opinion.  It is from the realm of "normative" as opposed to "positive" economics.

On the one hand, national income per capita gives us a good idea about how much money is available to people in a given country.  It makes sense, for example, to say that Americans are better off than Chinese...

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